facebookI've been investing $200 monthly RSP with DBS for STI-ETF since Nov 2018, a total of $4400. But my account now only has $3750. Should i continue the RSP or put my $200/mth elsewhere? - Seedly

Huang Yixuan

Person at Seedly Community

21 Jan 2021

โˆ™

General Investing

I've been investing $200 monthly RSP with DBS for STI-ETF since Nov 2018, a total of $4400. But my account now only has $3750. Should i continue the RSP or put my $200/mth elsewhere?

I started this because if I invest with DBS I get an extra % boost for multiplier account. But now this investment no longer contributes to the multiplier tiers.

Discussion (7)

What are your thoughts?

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I actually think STI ETF can be a good long term investment. We've seen it rallying in recent months and we may see more rallies as Singapore's economy improves.

You may also consider Singapore REITs as part of your RSP. Lion-Phillip S-REIT ETF or robo advisor Syfe's REIT+ portfolio are worthwhile choices. You can find a comparison of them in my post here.

Hope this helps!

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Chris

09 Jan 2021

Owner and Writer at Tortoisemoney.com

Personally, I don't think the STI is a good investment, especially if capital appreciation and wealth accumulation is your main goal.

If you're still young and not close to retirement, I would advise considering a world index ETF, such as IWDA, or an S&P 500 ETF like CSPX instead to capitalise on higher returns of said ETFs.

You can check out a post I wrote about some of these ETFs here!

STI ETF has relatively high dividend yield but generally is a longterm underperformer.

The safer, b...

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